TO:	Honorable Harvey Hilderbran, Chair, House Committee on Ways & Means
FROM:	Ursula Parks, Director, Legislative Budget Board
IN RE:	HB716 by Harper-Brown (Relating to the phaseout and repeal of the franchise tax.), As Introduced

The impact on the overall distribution of a state tax or fee burden among individuals and businesses anticipated from the provisions of this bill cannot be determined at this time.